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ES 10-21-08

long one from 972.00, stop raised to 970.00
Originally posted by Akola

Joe whats ur period for RSI ?

Standard for 1min, and 7 period with 80/20 for 30min
so far 66.50 is current RTH low....with any luck they'll go for the 85 number...we have to think in terms of the average ramges etc so that would be a fairly easy range to achieve
Originally posted by BruceM

63- 67 is critical today and 85- 87.50....I personally would like to sell into the first rally up today once RTH close to the 85 number as possible.but if we hit down hard into the lower zone then I'll hopefully be a short term buyer today....good luck all!!

bought 2nov 915 puts on the es yesterday near the close for 32.00, bought two to exit near todays open at 34.00 for a quick $200 gimme.just gave it back here on the stop out .... sigh
markets pretty calm so far... Confidence numbers in a few minutes
Ill try once more at 967.75
long one from the 5 min. avg....976.50, 3 point stop
trying to hold for 82 ish....
out at 5.75.. now up 3.75 on the session...looking to sell higher
Great call on the 985 number(so far), Bruce! I tend to feel we may get a retest of the 993 high at some point ,tho
The other thing we know is that they will break the Monday - Tuesday range...I'm hoping it's to the upside too but may be illogical to expect that since we closed near the lows today and closer to the lower range......We also have a gap down near 933 so that will be an additional target if we are able to get on board to ride out lower prices

Hope you are having a good B-day KOOL!
Originally posted by koolblue

still of the belief this is a giant tringle on the daily charts that we better hope eventually resloves itself to the upside upon completion or this market will end up complete toast... bottom trend line somewhrer around 880-882? Note how the daily range keeps contracting?